S S Sangwan's (EPW, 26 July 2014) refutation of the Nachiket Mor Committee report, based on a survey in rural Punjab which fi nds that rural residents prefer commercial banks to regional banks, is contested here. It is argued here that Sangwan has misread the recommendations of the committee, which is well aware of the varied banking needs of different populations, and does not emphasise regional banks as a universal solution for greater fi nancial inclusion, as Sangwan claims. The report in fact argues for a mix of banking models supported by technology, in what is termed as "comprehensive fi nancial services".

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